This is strange. Usually companies buyback shares when a stock has fallen and the company thinks the shares are a bargain. The weekly chart is below...note the stock near all-time highs...so why would they be buying back shares here??? Hmmm...
2 Possible Reasons:
1. They think the stock is going higher; or
2. They want to reduce the number of shares outstanding, which would help prop up their earnings per share. Maybe they know their earnings are NOT going to be a good as expected???
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